Monday, 3 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 03 JULY 2017

Naturalgas trading range for the day is 189.7-199.9. Natural gas dropped on profit booking after prices continued its gains amid bullish weather forecasts that should provide a boost in demand for the fuel. Meanwhile, updated weather forecasting models continued to point to increased summer demand in the weeks ahead. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 46 billion cubic feet.